Fact sheet: OMW L&G Dynamic Bond

Fund information
Fund name
OMW L&G Dynamic Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Shahzada Omar Saeedsince 01/07/2015
Underlying fund
L&G Dynamic Bond Trust
Fund objective
The OMW L&G Dynamic Bond Trust fund invests solely in the L&G Dynamic Bond Trust fund, a UK authorised Unit Trust managed by Legal & General (Unit Trust Managers) Limited. The underlying fund seeks to achieve growth of capital and income by investing principally in a range of fixed and variable rate income securities. The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The underlying fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. The underlying fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. The underlying fund, or some of its underlying assets, may hold derivatives, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation. It should be noted that the performance of the OMW fund will not match that of the underlying investment due to OMW fund charges, appropriate taxation adjustment and the OMW investment process.
Benchmark
  • IA £ Strategic Bond Sector
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
-1%
1 Year rank in sector
168/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£2m (£3m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
28
Bid price
151.6
Offer price
159.5
Top in this sector
Fund name1 Year
Zurich Artemis High Income Pn13.7%
LV= Artemis High Income Pn13.4%
SIP BG Corporate Bd Pn13.1%
Canlife AXA Fram Mgd Inc Pn12.9%
AXA Wealth AXA Fram Mgd Inc Pn12.7%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • USA24.3%
    Others19.1%
    UK14.4%
    Argentina10.5%
    Brazil5.9%
  • Government Bonds18.9%
    Financials17.8%
    Consumer Services11.2%
    Industrials10.8%
    Telecommunications8.5%
  • US Fixed Interest24.3%
    Global Fixed Interest19.1%
    UK Fixed Interest14.4%
    American Emerging Fixed Interest10.5%
    Brazilian Fixed Interest5.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%0.9%1.1%-1%-0.8%19%
Sector1.2%2%4.6%8.1%13%36.9%
Rank within sector142 / 170153 / 170164 / 169168 / 168153 / 153135 / 145
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund1.7%-0.9%-0.7%2.7%5.1%
Sector3.3%6.7%0.7%5.6%5.9%
Rank within sector151 / 170164 / 164125 / 159140 / 15389 / 149
Quartile4th4th4th4th3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.35
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.05
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
3.09
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
4.32
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.95
Price movement
52 week high154
52 week low148.6
Current bid price151.6
Current offer price159.5
Current mid price-
Region
1USA24.26%
2Others19.1%
3UK14.4%
4Argentina10.49%
5Brazil5.94%
6Mexico5.18%
7Italy4.46%
8Russia3.88%
9Egypt3.07%
Industry sector
1Government Bonds18.88%
2Financials17.83%
3Consumer Services11.18%
4Industrials10.78%
5Telecommunications8.52%
6Oil & Gas7.45%
7Cash & Cash Equivalents6.51%
8Basic Materials5.28%
9Technology4.84%
Asset type
1US Fixed Interest24.26%
2Global Fixed Interest19.1%
3UK Fixed Interest14.4%
4American Emerging Fixed Interest10.49%
5Brazilian Fixed Interest5.94%
6Mexican Fixed Interest5.18%
7Italian Fixed Interest4.46%
8Russian Fixed Interest3.88%
9African Fixed Interest3.07%
Individual holdings
1DIAMOND 1 FIN/DIAMOND 2 8.35% BDS 15/07/46 USD1000 REG S4.96%
2AT&T INC 5.7% BDS 01/03/57 USD20002.93%
3EGYPT (GOVT) 8.5 31/01/47 REGS2.83%
4CHARTER COMMUNICATIONS OPT LLC/CAP 6.834% BDS 23/10/55 USD20002.31%
5MEXICO CITY AIRPORT TRUST 5.5% SNR NTS 31/10/46 USD200000 144A2.22%
6PROV BUENOS AIRE 7.875 15/06/27 FEB1.64%
7WIND ACQUISITION FINANCE SA 7.375% BDS 23/04/21 USD200000REG S1.6%
8PETROBRAS GLOBAL FINANCE BV 6.125% BDS 17/01/22 USD20001.5%
9PROV DE MENDOZA 8.375 19/05/24 REGS1.48%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW L&G Dynamic Bond Trust fund invests solely in the L&G Dynamic Bond Trust fund, a UK authorised Unit Trust managed by Legal & General (Unit Trust Managers) Limited. The underlying fund seeks to achieve growth of capital and income by investing principally in a range of fixed and variable rate income securities. The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The underlying fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. The underlying fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. The underlying fund, or some of its underlying assets, may hold derivatives, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation. It should be noted that the performance of the OMW fund will not match that of the underlying investment due to OMW fund charges, appropriate taxation adjustment and the OMW investment process.
Benchmark
  • IA £ Strategic Bond Sector
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Shahzada Omar Saeed01/07/2015Omar joined LGIM in February 2015 from Zurich based Swisscanto Asset Management where he was Head of Global High Yield, managing global high yield and total return strategies. Prior to Swisscanto, Omar held positions at Western Asset Management, F&C Asset Managment, Standard & Poor's and Habib Bank.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW L&G Dynamic Bond Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.06%
Bid price151.6
Offer price159.5
Mid price-
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFEI7
OMW L&G Dynamic Bond SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price169.3
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFEI8
Data provided by

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